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Cushman & Wakefield Finalizes Deal for Pinnacle Multifamily Platform
Cushman & Wakefield completed the acquisition of Pinnacle Property Management Services, LLC, the third largest multifamily property management firm in the U.S. The acquisition establishes a foothold for Cushman & Wakefield across 20 key U.S. multifamily markets, while enhancing the firm’s ability to meet increasing demand for fully integrated real estate services from multifamily investors.
“It’s an exciting time at Cushman & Wakefield as we expand our ability to provide a full complement of services to our investor clients in the multifamily space,” said Marla Maloney, president, asset services, Americas.
Dallas-based Pinnacle manages more than 169,000 units across 839 properties for a variety of top multifamily owners including institutional, private and foreign investors; financial institutions; pension funds; private partnerships; sole owners; and government housing groups.
As part of Cushman & Wakefield’s Americas asset services business, Pinnacle will gain access to a deeper platform and increased scale across the nation.
Pictured: A Pinnacle-managed property in Burbank, CA.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
